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Showing 281 - 290 of 812 results for "Judge"

ASIC terminates illegal investment scheme

ALLY SELBY  |  WEDNESDAY, 29 JUL 2020
The Federal Court has taken action to dissolve an unregistered investment scheme operated by a former AMP authorised representative. MyWealth Manager was operated by Mustafa Mohammed, along with Mahek Mustafa, Mubashir Mohammed. The scheme related to ...

Westpac discovers additional transaction irregularities

ALLY SELBY  |  TUESDAY, 28 JUL 2020
Westpac's money laundering woes continue to worsen, with the bank today announcing it has uncovered hundreds of thousands of additional transactions of $10,000 or more that are "incomplete or inaccurate" to AUSTRAC. After further investigation, the ...

Domestic violence super reforms stall

ALLY SELBY  |  THURSDAY, 23 JUL 2020
Representatives from industry super and a legal body have called on the Federal Government to deliver on a promised scheme that would have stopped domestic violence perpetrators from hiding their super assets from their spouses. Women's Legal Service ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... In August 2019, the Federal Court found Westpac had not breached the responsible lending provisions of the Credit Act and judge Nye Perram said a lender may do what it wants in the assessment process for loans. ASIC appealed the decision in September ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... on notice. O'Neil accused Mathias of making a submission containing factual errors, of "misquoting" a Federal Court judge and "discrediting himself by his submission". She added that it may be worth considering whether Mathias' submission was ...

Australian Ethical divests Mercer parent company

ALLY SELBY  |  MONDAY, 13 JUL 2020
Australian Ethical has pulled the plug on a $5 million shareholding in Marsh & McLennan, pointing to the provision of insurance services to a mining conglomerate as grounds for the divestment. The investment in Marsh & McLennan was held in the firm's ...

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
A controversial promotion at mining giant Rio Tinto has demonstrated how even the biggest of super funds hold very little sway when it comes to engaging with companies they invest in. Peter Toth, formerly chief executive of OM Holdings, was promoted ...

AMP Life awards mandate post acquisition

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
A trustee has been appointed to AMP Life's superannuation funds, which hold more than $7 billion, following the sale of AMP Life to Resolution Life. Equity Trustees will be trustee for the super funds, replacing current trustees N M Superannuation and ...

Amazon launches climate VC fund

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
The US$1.38 trillion technology giant has launched a US$2 billion venture capital fund, set to invest in companies building products, services, and technologies that protect the planet. Amazon said its newly launched Climate Pledge Fund would help the ...

Judgement delivered in binary options fraud

ALLY SELBY  |  FRIDAY, 19 JUN 2020
The Federal Court of Australia has slapped a trading company with a $1.8 million fine, while two people have been barred from financial services for their involvement in the fraudulent binary options scheme. The judgement comes following findings made ...